Top-notch European crypto-friendly banks will integrate smart contracts instruments by high-performance blockchain Tezos (XTZ). Here’s why this is crucial for the progress of the fintech segment.
According to a press release exclusively shared with U.Today, high-profile Swiss-based banks Crypto Finance, InCore Bank and Inacta will integrate a new token standard based on Tezos (XTZ) products.
Three banks have developed a tokenization standard based on Tezos’ FA2 design. The new standard, dubbed DAR-1, allows users to implement all functions necessary for modern financial markets—from KYC/AML checks to asset governance.